diff --git a/3rdparty/libusb/libusb b/3rdparty/libusb/libusb
index 15a7ebb4d4..87a55632db 160000
--- a/3rdparty/libusb/libusb
+++ b/3rdparty/libusb/libusb
@@ -1 +1 @@
-Subproject commit 15a7ebb4d426c5ce196684347d2b7cafad862626
+Subproject commit 87a55632db62c9bdc58cd31d3ccfa673f1bb017f
diff --git a/3rdparty/libusb/libusb_static.vcxproj b/3rdparty/libusb/libusb_static.vcxproj
index 66dfc2ac29..79e0cfb4b2 100644
--- a/3rdparty/libusb/libusb_static.vcxproj
+++ b/3rdparty/libusb/libusb_static.vcxproj
@@ -54,6 +54,9 @@
     <ClCompile Condition="'$(Configuration)'=='Release'">
       <PreprocessorDefinitions>NDEBUG;%(PreprocessorDefinitions)</PreprocessorDefinitions>
     </ClCompile>
+    <ClCompile Condition="'$(EnableLibUsbWindowsHotplug)' == 'true'">
+      <PreprocessorDefinitions>LIBUSB_WINDOWS_HOTPLUG;%(PreprocessorDefinitions)</PreprocessorDefinitions>
+    </ClCompile>
     <Lib>
       <OutputFile>$(OutDir)libusb-1.0.lib</OutputFile>
     </Lib>
@@ -64,6 +67,7 @@
     <ClCompile Include="libusb\libusb\hotplug.c" />
     <ClCompile Include="libusb\libusb\io.c" />
     <ClCompile Include="libusb\libusb\os\events_windows.c" />
+    <ClCompile Condition="'$(EnableLibUsbWindowsHotplug)' == 'true'" Include="libusb\libusb\os\windows_hotplug.c" />
     <ClCompile Include="libusb\libusb\strerror.c" />
     <ClCompile Include="libusb\libusb\sync.c" />
     <ClCompile Include="libusb\libusb\os\threads_windows.c" />
@@ -72,6 +76,7 @@
     <ClCompile Include="libusb\libusb\os\windows_winusb.c" />
   </ItemGroup>
   <ItemGroup>
+    <ClInclude Condition="'$(EnableLibUsbWindowsHotplug)' == 'true'" Include="libusb\libusb\os\windows_hotplug.h" />
     <ClInclude Include="libusb\msvc\config.h" />
     <ClInclude Include="libusb\libusb\hotplug.h" />
     <ClInclude Include="libusb\libusb\libusb.h" />
diff --git a/rpcs3/emucore.vcxproj b/rpcs3/emucore.vcxproj
index 6adcd8d917..adccbad756 100644
--- a/rpcs3/emucore.vcxproj
+++ b/rpcs3/emucore.vcxproj
@@ -44,6 +44,7 @@
       <Optimization Condition="'$(Configuration)|$(Platform)'=='Release|x64'">MaxSpeed</Optimization>
       <PreprocessorDefinitions Condition="'$(Configuration)|$(Platform)'=='Debug|x64'">AL_LIBTYPE_STATIC;MINIUPNP_STATICLIB;HAVE_VULKAN;HAVE_SDL3;ZLIB_CONST;WOLFSSL_USER_SETTINGS;CURL_STATICLIB;%(PreprocessorDefinitions)</PreprocessorDefinitions>
       <PreprocessorDefinitions Condition="'$(Configuration)|$(Platform)'=='Release|x64'">AL_LIBTYPE_STATIC;MINIUPNP_STATICLIB;HAVE_VULKAN;HAVE_SDL3;ZLIB_CONST;WOLFSSL_USER_SETTINGS;CURL_STATICLIB;%(PreprocessorDefinitions)</PreprocessorDefinitions>
+      <PreprocessorDefinitions Condition="'$(EnableLibUsbWindowsHotplug)' == 'true'">LIBUSB_WINDOWS_HOTPLUG;%(PreprocessorDefinitions)</PreprocessorDefinitions>
       <AdditionalModuleDependencies Condition="'$(Configuration)|$(Platform)'=='Debug|x64'">%(AdditionalModuleDependencies)</AdditionalModuleDependencies>
       <AdditionalModuleDependencies Condition="'$(Configuration)|$(Platform)'=='Release|x64'">%(AdditionalModuleDependencies)</AdditionalModuleDependencies>
     </ClCompile>